The Korean national government and Ulsan Metropolitan City are supporting the world’s largest group of floating wind farms, the Ulsan Floating Windfarm, which will have a total capacity of 6 GW. Five different consortiums of public and private energy companies and investor including Korea Floating Wind, are developing the farms. Korea Floating Wind is developing an area of over 240 km2 which can accommodate approximately 1,320 MW (1.2GW net capacity). The site is located about 80 km from the coast in Ulsan at a water depth of between 175 to 275 meters.